Loan & DebtJun 3, 2026, 07:20 AM
Celcuity Proposes $400M Convertible Senior Notes Offering
AI Summary
Celcuity Inc. announced a proposed underwritten public offering of $400,000,000 aggregate principal amount of convertible senior notes due 2032. The company intends to grant underwriters an option to purchase an additional $60,000,000 in notes. Proceeds from the offering will be used to repay outstanding obligations under its loan agreement with Oxford Finance, LLC, with the remainder allocated for working capital, general corporate purposes, and potential acquisitions. The closing of the offering is subject to market and other conditions.
Key Highlights
- Celcuity proposes an underwritten public offering of $400,000,000 convertible senior notes due 2032.
- Underwriters have a 30-day option to purchase up to an additional $60,000,000 in notes.
- The Convertible Notes will be general, unsecured, senior obligations of the Company.
- Proceeds will primarily repay outstanding obligations under its loan agreement with Oxford Finance, LLC.
- Remaining proceeds are for working capital, general corporate purposes, and potential acquisitions.
- Jefferies, J.P. Morgan, TD Cowen, and Guggenheim Securities are joint book-running managers.
Price Impact
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